Security researchers disclosed a vulnerability on top of the TRON blockchain on May 30, which had previously put $500 million worth of cryptocurrencies at potential risk. This was a critical zero-day vulnerability in the TRON blockchain that left multisig accounts open for theft, and the TRX cryptocurrency might get affected by this news.
However, the hybrid DEX known as Tradecurve lets users maintain full control over their keys, enabling a high level of security even though they are trading crypto or derivatives on the platform.
TRON Avoids a $500 Multisig Vulnerability
According to data from the 0d research team at 0Wallet labs, there was a zero-day vulnerability affecting multisig accounts. These accounts have to be signed by multiple signatures in order to execute a transaction. However, the vulnerability that was found in TRON would allow any signer associated with any multisig account to access the funds in it single-handedly.
Oversights in the approach to multisig from TRON meant that this verification process did not verify all of the necessary information. This has since been resolved, as signatures are now checked against a list of addresses, not just a list of signatures. As of June 1, 2023, TRON (TRX) trades at $0.074585.
In the past 30 days, TRON’s value saw an increase of 9%, but in the last week, it saw a decrease of 3.9%. This means that TRON is still up despite the vulnerability, but its value did take a hit.
Tradecurve Provides a Truly Decentralized Solution With Full User-Control
The Tradecurve exchange combines the best elements of CEXs and DEXs, where users control their own assets and hold their own keys, ensuring a maximum level of security. Moreover, the team will also implement a Proof of Reserves (PoR) system to bolster transparency and increase trust in the exchange.
Other notable features behind Tradecurve include its high leverage, starting at 500;1. Algorithmic trading with the usage of algorithms and AI, a VIP account service, a dedicated Trading Academy, and negative balance protection. Users do not need to complete a KYC procedure in order to use Tradecurve.
TCRV is the utility token behind the Tradecurve platform, and it’s currently trading at a value of just $0.015. The presale stage is 20% complete, where 15,630,018 tokens have been sold. During its next stage, its value will increase by 20% to $0.018.
The team aims to onboard 100,000 new users during the first three months of operation, and as other blockchains are beginning to lose trust in users, Tradecurve can redefine DeFi use cases with a high level of security, user control, and transparency. Based on this, analysts predict that the cryptocurrency can increase by 100x at launch.
Learn more about TCRV and the future of the project here:
Click Here To Buy TCRV Presale Tokens
